Business environment in Nigeria is in a very poor state. In the latest World Economic Forum (WEF) rankings for global competitiveness in doing business, the country ranks at a very low point.

Nigeria ranks 127 out of 138 countries considered in the Global Competitiveness Index, according to report.

All the countries that rank below Nigeria in the index are war-torn and crisis ridden.

In 2015, Nigeria ranked 124 on the index. For some reasons, it was easier to do business in Nigeria in 2015 than it is now.

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